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On Friday, the People’s Bank of China (PBoC) set the yuan’s central parity rate at 7.1793, compared with 7.1795 the previous day and a Reuters forecast of 7.3055.
The People’s Bank of China injected 828 billion yuan through seven-day reverse repos and set the interest rate at 1.8%.
Today, 95 billion yuan of reserve requirement matured, with a total net injection of 733 billion yuan (the largest injection in the history of open market operations).
Earlier today, the People’s Bank of China kept the lending prime rate (LPR) unchanged at 3.45% for one-year maturities and 4.20% for five-year maturities.
